Detroit’s Landmark Municipal Bankruptcy Raises Questions Nationwide
What Does Detroit’s Bankruptcy Filing Mean for City Workers and Residents?
My team and I have been keeping a close eye on the ongoing bankruptcy drama unfolding in Detroit. I previously wrote a post about the city appointing a bankruptcy lawyer, Kevyn Orr, and recent events have had clients wondering how a city’s bankruptcy filing could affect its greatest asset: its residents.
When it comes to municipal bankruptcy, our office are asked to answer questions about how it can impact communities and public workers. On Wednesday, a federal judge permitted the city of Detroit’s bankruptcy case to go forward after it was challenged by union and pension fund lawyers – so the challenges facing the city have been front and center on the headlines and people’s minds.